Sunday, May 25, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Cambodia’s export of travel goods and bags expected to reach $1 billion in 2020

October 27, 2020
in Business, Cambodia, National
0
Cambodia’s export of travel goods and bags expected to reach $1 billion in 2020
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Cambodia’s export of travel goods and bags are expected to rise to about $1 billion in 2020 while the number of factories producing the products increased to 101.

Speaking at a meeting on the implementation of Better Factories Cambodia (ILO-BFC) project for travel goods and bag factories and enterprises Ith Samheng, Minister of Labour and Vocational Training, noted the remarkable progress of the sector which will provide more job opportunities and contribute to the economic development of Cambodia.

With the growth of travel goods and bag factories, Mr Samheng called on them to carry out the ILO-BFC project by registering as members to gain benefits such as incentives for purchase orders exporting to markets with tax preferences offered.

They are also advised to form an association in line with the Law on Trade Union to represent them in social dialogues with effectiveness and transparency.

In terms of export, the largest market for Cambodian travel goods and bags is the U.S., which accounts for 80 percent of total exports.

Cambodia’s exports to the U.S. market have continued to increase as travel goods and bags, including handbags, backpacks and suitcases, have been granted duty-free access to the United States under the Generalised System of Preferences (GSP) since 2016.

Before benefiting from the GSP in July 2016, Cambodia’s export of travel products was valued only at $50 million.

Official figures from the U.S. Census Bureau show that in the first eight months of 2020, Cambodia’s total exports to the U.S. market reached US$4 billion, up 22 percent from the same period last year. Chea Vannak

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaCambodia travel goods
Previous Post

Thailand welcomes tourists back as Bangkok protests heat up

Next Post

Cambodia’s smart cities will leapfrog their rivals using blockchain

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
95

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
76

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

by AsiaOne
June 14, 2023
0
102

One of South Korea's top livestreamers was recently found dead in Cambodia. Byeon Ah-young's body was discovered — wrapped in a...

Most Popular

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

$2 million electric motorbike assembly plant in Cambodia by Verywords Co Ltd launched

May 30, 2023
48
Japan jeers at ‘terrifying’ mascot for Osaka World Expo: ‘Who approved that monstrosity?’

Japan jeers at ‘terrifying’ mascot for Osaka World Expo: ‘Who approved that monstrosity?’

May 11, 2022
21
EZECOM first to collaborate with AWS to provide leading Cloud service for Cambodia

EZECOM first to collaborate with AWS to provide leading Cloud service for Cambodia

March 15, 2022
43
Cambodia Rice price could rise up to 20 percent in coming months

Cambodia Rice price could rise up to 20 percent in coming months

May 25, 2022
62
Eva Premium Ice is looking for distributors as it expands in Cambodia

Eva Premium Ice is looking for distributors as it expands in Cambodia

November 12, 2021
30
Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

June 14, 2023
102

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!